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The financial statements for Lexington Service Company include the following items: 2018 2017 Cash $49,500 $45,000 Short-term Investments 28,000 15,000 Net Accounts Receivable 53,000 53,000 Merchandise Inventory 158,000 45,000 Total Assets 526,000 548,000 Accounts Payable 129,500 125,000 Salaries Payable 23,000 18,000 Long-term Note Payable 54,000 52,000 Compute the current ratio for 2017. (Round answer to two decimal places.) Compute the current ratio for 2017. (Round answer to two decimal places.) O 0.91 O 1.10 O 3.83 O 6.23